Wednesday, March 27 2019 11:27

ArmInfo. In the 2019, targets for state budget revenues in Armenia were exceeded by at least 40 billion drams or about $ 90 million. On March  27, presenting a report on the process and implementation of the 2018  government program in the RA National Assembly, the Prime Minister  stated RA Nikol Pashinyan.According to him, the result achieved over  the past 9 is unprecedented.

In the past, there was no such that the state budget was exceeded to such an extent. This was achieved thanks to the active struggle of the State Revenue Committee  against the shadow economy, and in this struggle repressive measures  are not used. Basically, research, analysis and negotiation methods  are used. Another factor contributing to the growth of tax revenues  was the cooperation of citizens with government agencies. 

According to Nikol Pashinyan, the citizens of the country actively  respond to the appeals of the government, which are aimed at  combating the shadow economy. From May 2018 to the present day 65  million checks have been printed, indicating the transactions carried  out. "This demonstrates the interaction of citizens with the  government of the country," stated the Prime Minister.He also said  that the additional funds received will be directed to increase from  July 1 of this year. by 10% of the salaries of servicemen, and from  September 1 - the salaries of 38,000 teachers of secondary schools,  whose salaries will also be increased by 10%.In addition, allocations  for the repair of 303 km of roads are provided for, which, according  to the Prime Minister, is also an unprecedented phenomenon. 

Moreover, one should not overlook the ongoing process of building the  North-South highway, albeit under another program. Nikol Pashinyan  did not rule out that in the process of implementing these projects  additional financial resources will be saved, which will be directed  to the implementation of other state programs.Another 10 billion  drams will be directed to the implementation of subvention projects  together with the country's communities.

Last year, as the Prime Minister recalled, a similar amount was also allocated, but local  authorities were not ready for such a development, as a result of  which only 1.6 billion drams were used. "It is hoped that in 2019 the  amount will be fully utilized, which will lead to an improvement in  the quality of life of the inhabitants of these communities," the  head of government emphasized.Recall that the draft budget of Armenia  for the 2019th year was approved by the Cabinet of Ministers on  September 27, 2018.

Discussions on the main financial and economic  document in the National Assembly started on November 1. Presenting  the project and. Atom Janjughazyan, Minister of Finance of Armenia,  stated that the "Budget 2019" definitely cannot be called a "dream  budget." "Do we believe that our dream is to live in a country where  GDP per capita is projected at around $ 4,600, while in 1995 the  figure was $ 423? No, we claim more," he said. 

At the same time, as he pointed out, the budget for the next year  will be fully built in the format of program budgeting, which  "promises" the country not only quantitative indicators, but also  qualitative ones. And reforms in the field of tax policy will be  called upon, at a minimum, not to hinder the development of the  economy, and in general - to allow additional business to generate  revenues for the state treasury.

Thus, according to the draft budget, in 2019, in the context of economic growth of 4.9% and growth of gross fixed capital formation of 6.1%, the projected growth in  exports of goods and services in GDP will be 41% instead of the 38  expected by the end of 2018, 7%. According to the results of 2019,  per capita GDP in Armenia is expected to reach $ 4,604 instead of $  4,280 forecasted by the end of this year. At the same time, at the  end of 2015, the figure was $ 3,512. The nominal GDP of Armenia in  2019, according to the draft budget for the next year, will grow by  approximately 560 billion - from 6.193.0 billion drams expected by  the end of 2018 ($ 12,752.6 million) to 6,756.2 billion drams ($  13,717.5 million) pledged in the project. GDP growth is expected to  be ensured by a 0.5% increase in net indirect taxes (0.68% in 2018),  2.5% growth in the services sector (4% in the current year),  construction will increase by 0, 4% (0.6% in 2018) of the agrosphere  - 0.7% (0.6% in 2018th), industry with an increase of 0.8% (0.9% in  the current fiscal year).

The following year's consolidated budget for  revenues is estimated at 1.533.6 billion drams (without revenues from  intergovernmental transfers) instead of 1.333.5 billion drams in  2018, and in terms of expenditures - 1.685.2 billion drams (without  receipts from intergovernmental transfers), against 1.500.5 billion  AMD in the current year, the deficit is about 151.6 billion drams or  2.2% of GDP, as opposed to those laid for 2018